Morgan Stanley and Foundry Commercial Exit Spring Arbor Portfolio
Morgan Stanley Investment Management, through funds managed by Morgan Stanley Real Estate Investing, and Foundry Commercial have completed their exit from the Spring Arbor Senior Living portfolio through the sale of the remaining 11 assets. The seniors housing communities, located in Maryland and Virginia, comprise 795 assisted living and memory care units and were more than 90% occupied in recent years. The buyer, an undisclosed S&P 500 company that is focused on seniors housing, paid $296 million, or $372,300 per unit. JLL Capital Markets handled the sale. In 2022, Morgan Stanley and Foundry Commercial acquired the Spring Arbor portfolio from HHHunt through an off-market... Read More »
Investor Enters Seniors Housing Sector Through Recapitalization
Amy Sitzman and Giancarlo Riso of Blueprint handled the recapitalization of Countryside of Wichita Falls, a 50-unit assisted living community in Wichita Falls, Texas. The asset offered value-add potential through renovations, rebranding and a planned memory care addition. As occupancy began to improve, Blueprint launched a marketing process, which generated multiple strong offers in late 2025. Ownership ultimately chose a recapitalization, bringing in a new entrant to the seniors housing sector as an equity partner. Immediately following closing, the new venture began converting units to memory care and implemented physical and operational updates. Read More »
Public REIT Divests to National Provider
A publicly traded REIT recently completed the wind down of its relationship with an outgoing operator through its sale of a seniors housing community in Wisconsin. Michael Segal, Lauren Nagle and Daniel Waldhorn of Blueprint handled the deal, targeting local, regional and national investors. A growing national provider was selected as the ultimate buyer. Built in the 1960s and located in West Allis just outside of Milwaukee, the 166-unit assisted living and memory care community was facing some operational challenges. Read More »
Multiple Buyers Acquire Skilled Nursing Beds
Under Ohio’s certificate of need regulations, skilled nursing beds can be transferred from counties deemed over-bedded to those experiencing a shortage. Taking advantage of this window, 12 separate sellers, motivated by downsizing, closures or strategic repositioning, transferred their beds with the help of Senwell Senior Investment Advisors. Ben Bohland and Collin Hempfling aggregated more than 280 beds, facilitating their transfer to multiple buyers looking to expand or develop facilities in under-bedded counties. Read More »
60 Seconds with Swett: Latest Senior Care Valuation Statistics Are Released
The 31st Edition of The Senior Care Acquisition Report has been published and is available to LevinPro LTC andLTC News subscribers now! With M&A at record levels and more buyers and sellers evaluating transactions today, we know how important having timely, accurate and relevant pricing data is in making their investment decisions. That is why we worked hard to get this Report out earlier in the year than ever before, and it was compiled with the largest proprietary dataset we have ever put together, including hundreds of confidential prices, cap rates and operating metrics. Thank you to all of our industry friends who helped us in that effort, because the large sample size allowed us... Read More »Schedule a demo
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